https://us.etrade.com/what-we-offer/our-accounts/fully-paid-lending Have anybody tried it? Please share your experience. TC : 330K
What’s the interest paid? 0.01%?
It depends on the stock
I used to do these and all the brokers offer this. The problem is only a small fraction of your stocks are eligible. Also they lend your stock to short sellers who bet against you. If you own something quality like AAPL there’s no demand to short, or not for very long so your earnings are not predictable. An alternative you can consider is premca. They give me 2%/year extra on my entire portfolio and don’t enable short sellers. DM if you want a referral.
Are you open to risks by doing this
Yes there are risks like any investment. Seems like lower risk though not 0. Only risk free option is government bonds or cash.
If you have especially hard to borrow securities it can be very lucrative. Most of the time you won’t earn much
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You get a tiny amount of extra return.